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Global X
A swap-based Canadian equity fund: 100% Canada, unhedged, for 0.25% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Financials sector exposure. 99.9% of the portfolio is in Financials, so results largely reflected that part of the market. It tracks the S&P/TSX Capped Financials Index (Total Return).
| Concentration | Top 10 holdings = 88.5% of the fund | holdings↓ |
| Fee | 0.25% per year | costs↓ |
| Currency | CAD-unhedged | facts↓ |
| Wrapper | Swap-based | holdings↓ |
How this fund works
Uses derivative contracts to receive the return of a reference asset or index rather than holding it directly.
Percentages are gross notional exposure, not money invested. Contracts can control more than the fund's assets.
This ETF uses total return swaps rather than holding the securities directly. Holdings shown are from the benchmark index it tracks, for information only. Swap structures may have different tax treatment and counterparty risk, consult a qualified advisor.
Top holding: Royal Bank of Canada 22.8% (tilted) · Top sector: Financials 99.9% (single-sector) · Top region: Canada 99.9% (single-country)
Financials 99.9%
Canada 99.9%
Look-through via underlying funds.
The management fee was 0.25% a year, or about $25 for every $10,000 held. A swap fee applies on top of the management fee and sits outside this figure. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $133M· net assets |
| Listed | 2013· 12 years of history |
| Leverage / overlay | None |
What moved the price
| Ticker | HXF.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Swap-based |
| Theme | Global Financials |
| Geography | Canada |
| Index tracked | S&P/TSX Capped Financials Index (Total Return) |
| Provider | Global X |
| Mgmt fee | 0.25% |
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Prices as of last close.
What Premium adds